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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Safe Havens Fall Out Of Favour Monday
USD/JPY wavered on Monday, staying below neutral levels for the better part of the session, finishing barely in negative territory. Both sides of the pair underperformed in G10 FX space, as the equity space showed some resilience.
- The rate last deals at Y127.82, down 9 pips on the day. Support from May 19 low of Y127.03 is now exposed and a break here would open up the nearby Apr 27 low of Y126.95. Conversely, a break above May 12 high of Y130.05 would bring May 9 cycle high of Y131.35 into view.
- Looking ahead, flash Jibun Bank PMIs are due out of Japan today, with Tokyo CPI coming up Friday.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.